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Money Matters

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Money Matters by Farmers Insurance Federal Credit Union
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FHA Loans: An Affordable Path To Homeownership

If you’re exploring homeownership and wondering “What is an FHA loan?” or “Am I eligible for an FHA mortgage?”, you’re not alone. FHA loans are among the most popular mortgage options in the U.S., especially for first-time buyers and those seeking flexible qualification requirements. Read more.

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Home Buying A Real Estate agent showing a couple a house
5 Advantages Of A Combo Loan For Home Buyers

The national average sales price of a home in the U.S. is $503,800 as of this writing, according to the U.S. Department of Housing and Urban Development.* In this example, you’d need to put down $100,760 (20%) to avoid having to pay private mortgage insurance (PMI). Read more.

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Home Buying A happy couple moving into a new house
Home Equity Loan vs. HELOC: Which Is Right For You?

Using the equity in your home to pay off unsecured debt or make home improvements can be a difficult financial decision. Low annual percentage rates, tax-deductible interest, and streamlining your monthly payment make second mortgages extremely attractive. However, using your home for collateral is a decision that should be weighed carefully. This blog will cover home equity loans vs. HELOCs and provide information that can help you decide which is right for you. Read more.

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How To Lower The Cost Of A Loan

There are many reasons you may need to borrow money. From tackling big home improvement projects to buying a vehicle to fixing a temporary cash-flow challenge. Reducing the cost of borrowing money is crucial to helping your manage your personal finances. By implementing these ideas, you can lower the cost of a loan by lowering the amount you pay in interest and associated fees.

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Nine Ways To Save Money On Your Natural Gas Bill

If you rely on gas to heat your home or business, the expense can be significant. In winter, you’re heating the premises, and in summer cooling them off, not to mention year-round need for hot water. But there are some ways to reduce your costs. Here are nine ideas to help you save money on your future gas bills.

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Homeownership Family moving
Moving Crisis: What To Do If Your New Home Isn’t Ready

You don’t move to a new home every day! But it sure happens from time to time. The U.S. Census Bureau estimates over 27 million people moved in 2022.

When it does happen, it’s usually stressful, even when things go smoothly. The list seems endless, from packing to finding movers, obtaining new insurance, and changing your address. The last thing anyone needs when moving is to find out that their new home won’t be available as planned, on time, regardless of the reason. Here, with some insight from our partners at Balance, are some things to consider if you end up having to wait.

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